Japanese investment bank Nomura appointed a new chief economist who will lead a team of economists charged with forecasts for China's economic development.
Nomura has appointed Ting Lu as chief China economist, according to a media statement on Tuesday. Based in Hong Kong, he reports to Rob Subbaraman, Nomura’s head of emerging markets economics.
«China is an important market for Nomura, and Ting’s appointment is further evidence of our commitment to building up our China expertise,» said Toshiyasu Iiyama, Nomura’s executive chairman, Asia ex-Japan, and head of the China committee.
From Deutsche Bank via Huatai to Nomura
Prior to joining Nomura, Lu was global head of research, global head of sales and trading, and chief economist at Huatai Securities for two years. Before that, he spent nine years at Bank of America Merrill Lynch, where his last assignment was as head of greater China economics.
Lu has a PhD in economics from the University of California, Berkeley, and in finance from the University of South Carolina. He holds a master’s and a bachelor’s degrees in economics from Peking University.
